Csa show

[jayshum]

Originally Posted by Huck

"Repacking in card collecting involves a third-party assembling packs or boxes of cards from various sources, often offering a mix of common and potentially valuable chase cards. These repacks are a popular trend, especially with the rising cost of traditional sealed products and the growth of online breaking. They provide a way for collectors to potentially obtain valuable cards at a lower cost than buying directly from manufacturers or high-end dealers."

Thanks for the info, but if they're paying dealers 95% of their listed prices, I still don't understand how the repacked cards can be sold so that both buyers are saving money and repackers are making money. There's only a 5% margin to work with. Am I still missing something?

[ValKehl]

Dean, the admission price to the Chantilly Show was $15 if you purchased you admission online in advance of the Show (the cutoff for this discount was something like 2 days before the Show opens). It wasn't too long ago that the Show promoter gave free admission on Friday to Net54 members.

I thought the amount of pre-War and post-War vintage cards was about the same as it has been for the last few/several shows (and I do go to all the Chantilly Shows, mostly because I live nearby) - and, pretty much the same dealers with vintage cards.

My only pickup was a relatively inexpensive 1924 WS program - NY Giants version that is in comparable low condition to the 1924 Washington Senators version that I have long had. My only disappointment was that SGC was not in attendance as that have been for the last many shows, but I had learned this in advance; I'll save my sub for the next Chantilly Show, assuming/hoping SGC will be there, as I prefer not to risk shipping my cards to SGC.

[Huck]

Originally Posted by ValKehl

Dean, the admission price to the Chantilly Show was $15 if you purchased you admission online in advance of the Show (the cutoff for this discount was something like 2 days before the Show opens). It wasn't too long ago that the Show promoter gave free admission on Friday to Net54 members.

I thought the amount of pre-War and post-War vintage cards was about the same as it has been for the last few/several shows (and I do go to all the Chantilly Shows, mostly because I live nearby) - and, pretty much the same dealers with vintage cards.

My only pickup was a relatively inexpensive 1924 WS program - NY Giants version that is in comparable low condition to the 1924 Washington Senators version that I have long had. My only disappointment was that SGC was not in attendance as that have been for the last many shows, but I had learned this in advance; I'll save my sub for the next Chantilly Show, assuming/hoping SGC will be there, as I prefer not to risk shipping my cards to SGC.

I know, but CSA is always a last minute call. I live within a forty-minute drive of Chantilly which means I live 8 miles away from the venue. If you live here you know. Admission used to be $10 and as you stated, Fridays were free. I don't see how card shows were hit with supply chain issues during covid which increased admission to $20. I arrived at noon and there was a small line to get in. In front of me was a woman with a 12-13 year old son with a small hard top case in hand. I said to myself "CSA should state Mom's get in free" or bring a kid(s) admission is half off. That was a $40 entry fee for her and her son. I don't think Mom was there to buy or sell cards. A male or female with kids in tow is a good thing. Did you notice the 3% fee for credit or online orders? That was new to me. At $20 does the extra sixty-cents make or break CSA? The world is becoming a cashless society and CSA states "Please note a 3.5% service fee will be applied to all orders (both online and onsite)." How does one pre-order online with cash???? Just price the 3% in (and at $20 the 3% should be priced in). No let's suck every possible dime out of the collector.

This was the first time I have seen PSA onsite. Due to lack of baseball guests, I
I have passed on the majority of CSA shows the past 2-3 years.

My only purchase was some soft sleeves and hard cases for pennants. Damn Net54 and the pennant forum!

[Huck]

Originally Posted by jayshum

Thanks for the info, but if they're paying dealers 95% of their listed prices, I still don't understand how the repacked cards can be sold so that both buyers are saving money and repackers are making money. There's only a 5% margin to work with. Am I still missing something?

They are not working on a 5% margin.

Let's say one of the card companies is selling a box for $200 a pop with odds listed for chase cards. A repacker, buys the various chase cards at 95% (or less) of value and repackage those cards at say a price of $175 (or lower) a pop. The reputable repackers or card/box breakers will state odds but it is not required.

At $30 a throw, you don't think there is no money to be made on 70's repacks?

https://www.ebay.com/itm/15691496865...SABEgK9vfD_BwE

In my toxic visions of being a future dealer, I thought mystery packs would be a great idea. I have seen something like it in shows past but nothing recent. I would purchase a play-pen and load it with 10-15 card packs wrapped in brown paper with a minimum value of $1. On a board, there would be a list of say 10-15 high value cards (ex. 1968 PSA 5 Mantle - value $375-$400) that could be pulled. Let's say the 10-15 higher value cards total $3K. There are 5,000 $1 packs in the playpen. I think collectors would eat that up. Do you see how money can be made? The repackers are doing the same thing.

[peanuts]

Originally Posted by jayshum

Thanks for the info, but if they're paying dealers 95% of their listed prices, I still don't understand how the repacked cards can be sold so that both buyers are saving money and repackers are making money. There's only a 5% margin to work with. Am I still missing something?

They make money by overcharging for the floor value of the product – e.g. the cheapest card in the product is $75 but buying the repack costs $115 – and on pure volume. I used to move a couple thousand worth of inventory to a repacker every month and it was only about 10% of what his monthly buying volume.

Also, 95% is on the higher side of what repackers will pay. Typically they're around 90% of average comp.

[ncinin]

I can not find it offhand but I saw a YouTube video in the past month that displayed a spreadsheet of one of the breakers.

The cost of breaks were 95% of “comps”. I am not sure the comps were high or low to reality or not. The slots were were sold out and break was completed and the breaker sold the cards over 150% or comps.

If I recall cost was between $90,000 and $99,000 and their gross profit was $56,000 or so. I do nor know the platform fees or other expenses were.

[Yoda]

Originally Posted by ncinin

I can not find it offhand but I saw a YouTube video in the past month that displayed a spreadsheet of one of the breakers.

The cost of breaks were 95% of “comps”. I am not sure the comps were high or low to reality or not. The slots were were sold out and break was completed and the breaker sold the cards over 150% or comps.

If I recall cost was between $90,000 and $99,000 and their gross profit was $56,000 or so. I do nor know the platform fees or other expenses were.

I wonder what dealers who unloaded their inventories to repackers will do now? Rebuild or go fishing.

[Jewish-collector]

All shows, regardless of size, have changed since the Covid boom. There is less vintage cards (in all sports) and very little vintage memorabilia (in any sport) to speak of. Most of the dealers are selling the shiny stuff and recently a lot more Pokémon. Depending on your perspective, the shows are better, worse, or the same as pre-covid shows. The National may or may not have a little more vintage cards & memorabilia than the typical show.

[Rich Klein]

Originally Posted by Jewish-collector

All shows, regardless of size, have changed since the Covid boom. There is less vintage cards (in all sports) and very little vintage memorabilia (in any sport) to speak of. Most of the dealers are selling the shiny stuff and recently a lot more Pokémon. Depending on your perspective, the shows are better, worse, or the same as pre-covid shows. The National may or may not have a little more vintage cards & memorabilia than the typical show.

+1

Also, when someone posts about admission, remember the costs to rent many places have also gone up considerably since 2020 and thus the promoter has to recoup the cost one way or the other.

And I can tell you there may be other factors as well, I have a little 20 table show for my synagogue and although as a member I don't have to pay rent as it's an official function, I still had to add $1 to the suggested donation to help offset the cost of our security. (yes a synagogue has different issues on that but, as we saw with several high $$ thefts at some big shows, you need to have extra help at everything nowadays)

[Brent G.]

On the list of things I could never see spending money on in this lifetime, a repack is damn near the top. I can hear Don West right now selling these things.

[Huck]

Repacking is not new....

https://www.ebay.com/itm/30636754533...Bk9SR7aP-IX5ZQ